Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Makes New $12.44 Million Investment in Prologis, Inc. $PLD

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new position in Prologis, Inc. (NYSE:PLD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 97,463 shares of the real estate investment trust’s stock, valued at approximately $12,442,000. Prologis makes up 3.3% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s investment portfolio, making the stock its 13th biggest position.

Several other institutional investors have also added to or reduced their stakes in PLD. High Point Wealth Management LLC purchased a new stake in shares of Prologis in the 4th quarter worth about $26,000. Ares Financial Consulting LLC purchased a new stake in shares of Prologis in the 4th quarter worth about $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Prologis in the 4th quarter worth about $27,000. High Note Wealth LLC grew its position in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares during the period. Finally, True Wealth Design LLC grew its position in shares of Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 122 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DA Davidson upped their target price on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Truist Financial upped their target price on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Scotiabank upped their target price on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, BNP Paribas Exane upped their target price on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.52.

Prologis Stock Performance

Shares of PLD stock opened at $146.55 on Thursday. Prologis, Inc. has a one year low of $103.41 and a one year high of $147.93. The company’s 50-day moving average is $138.69 and its 200 day moving average is $133.90. The company has a market capitalization of $136.63 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 3.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm posted $1.43 EPS. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts expect that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is 107.81%.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.